Spirit AeroSystems Holdings (SPR) : Scopia Capital Management Lp reduced its stake in Spirit AeroSystems Holdings by 13.55% during the most recent quarter end. The investment management company now holds a total of 14,110,902 shares of Spirit AeroSystems Holdings which is valued at $625,536,286 after selling 2,211,124 shares in Spirit AeroSystems Holdings , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Spirit AeroSystems Holdings makes up approximately 12.53% of Scopia Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Falcon Edge Capital Lp sold out all of its stake in SPR during the most recent quarter. The investment firm sold 2,066,331 shares of SPR which is valued $91,600,453.Nuveen Asset Management reduced its stake in SPR by selling 46,621 shares or 20.22% in the most recent quarter. The Hedge Fund company now holds 183,920 shares of SPR which is valued at $8,153,174. Spirit AeroSystems Holdings makes up approx 0.05% of Nuveen Asset Management’s portfolio.Brc Investment Management reduced its stake in SPR by selling 20,902 shares or 8.43% in the most recent quarter. The Hedge Fund company now holds 227,071 shares of SPR which is valued at $9,884,401. Spirit AeroSystems Holdings makes up approx 1.66% of Brc Investment Management’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in SPR in the latest quarter, The investment management firm added 90,600 additional shares and now holds a total of 334,400 shares of Spirit AeroSystems Holdings which is valued at $15,385,744. Spirit AeroSystems Holdings makes up approx 0.19% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio. State Of New Jersey Common Pension Fund D added SPR to its portfolio by purchasing 855,000 company shares during the most recent quarter which is valued at $39,338,550. Spirit AeroSystems Holdings makes up approx 0.17% of State Of New Jersey Common Pension Fund D’s portfolio.
Spirit AeroSystems Holdings closed down -0.12 points or -0.26% at $45.7 with 9,28,878 shares getting traded on Thursday. Post opening the session at $45.76, the shares hit an intraday low of $45.01 and an intraday high of $45.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Spirit AeroSystems Holdings reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.06. The company had revenue of $1829.90 million for the quarter, compared to analysts expectations of $1683.23 million. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.
Many Wall Street Analysts have commented on Spirit AeroSystems Holdings. Spirit AeroSystems Holdings was Downgraded by Wells Fargo to ” Market Perform” on Jun 30, 2016. Spirit AeroSystems Holdings was Initiated by Morgan Stanley to “Overweight” on Jun 23, 2016. Spirit AeroSystems Holdings was Upgraded by Buckingham Research to ” Neutral” on Jun 9, 2016.
Spirit AeroSystems Holdings Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems Propulsion Systems and Wing Systems. Fuselage Systems segment develops produces and markets forward mid and rear fuselage sections and systems primarily to aircraft OEMs as well as related spares and maintenance repair and overhaul support and services (MRO). The Propulsion Systems segment develops produces and markets struts/pylons nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs as well as related spares and MRO services. The Wing Systems segment develops produces and markets forward wings and wing components (including flight control surfaces) and other miscellaneous structural parts primarily to aircraft OEMs as well as related spares and MRO services.